Driving the Global Energy Transition: The Role of Compressed Gases in Sustainability
Key Ideas
- The global compressed gas market is projected to reach USD 6,179.50 million by 2030 with a CAGR of 5.2%, driven by the demand across various industries.
- Compressed natural gas (CNG) is gaining prominence as a cleaner energy alternative in the transportation sector, leading to significant investments in infrastructure globally.
- The industrial sector, especially manufacturing, is a key driver for the increased demand for compressed gases like nitrogen, argon, and hydrogen in processes like welding, cutting, and energy storage systems.
- Companies are heavily investing in innovation and infrastructure to support the growing adoption of compressed gases, furthering sustainability and industrial progress.
The global compressed gas market is witnessing significant growth, with a projected size of USD 6,179.50 million by 2030 and a CAGR of 5.2%. Compressed gases like natural gas, hydrogen, oxygen, and nitrogen are essential across industries for energy, transportation, healthcare, and manufacturing. Notably, compressed natural gas (CNG) is increasingly being adopted as a clean energy solution in the transportation sector, driving investments in infrastructure like refueling stations and pipelines worldwide. The industrial sector also plays a vital role in the demand for compressed gases, with nitrogen, argon, and hydrogen being utilized in various manufacturing processes. Companies are focusing on innovation and infrastructure development to meet the rising demand, with a particular emphasis on sustainability and efficiency. The report highlights Asia Pacific as the largest and fastest-growing market for compressed gas, with China and India leading the way. Nitrogen holds a dominant position in the compressed gas market, accounting for 28.6% revenue share in 2024. The market also sees key players like Linde investing in strategic partnerships and expansions to support industrial growth and sustainability efforts.
Topics
Utilities
Infrastructure
Innovation
Sustainability
Carbon Emissions
Energy Transition
Global Market
Industrial Sector
Cleaner Energy
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